Lowest I've ever witnessed.
renman95
Posts: 7,037 ✭✭✭✭✭
The Brazilian Real to the dollar is at 1.577. We are now at the level during the depths of the 2008 financial meltdown. Soon thereafter the dollar hit 2.40 Reais since it was the perceived safe haven.
The effect of a slow and steady erosion has been some what comical. Back in 2002 the conversion was around 3.75 to 4.00. We lived and ate like Kings then. When our company restarted their ops near Sao Paulo in 2009, some of us who had flown down here years ago saw a lot of changes. Among them was the Real hovering around 2.0. We were eating like Princes. Then in 2010 we began to avoid the "death-by-meat" churrascaria's and started to eat where the locals eat in the downtown. Now in 2011 we walk down to the favela (barrio) to have some pizza and beer.
Traveling is an eye opener to the non-believers of our currency in crisis.
r95
The effect of a slow and steady erosion has been some what comical. Back in 2002 the conversion was around 3.75 to 4.00. We lived and ate like Kings then. When our company restarted their ops near Sao Paulo in 2009, some of us who had flown down here years ago saw a lot of changes. Among them was the Real hovering around 2.0. We were eating like Princes. Then in 2010 we began to avoid the "death-by-meat" churrascaria's and started to eat where the locals eat in the downtown. Now in 2011 we walk down to the favela (barrio) to have some pizza and beer.
Traveling is an eye opener to the non-believers of our currency in crisis.
r95
0
Comments
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Repetition of ignorance is ignorance raised to the power two.
<< <i>Food & gasoline both up today
Thank God there is no inflation. The Treasury Department says so.
<< <i>Funny, I'm looking forward to an upcoming trip to England. Two years ago it was 2.00 dollars/pound now it's 1.64 (I remember two years ago Americans receiving a US dime from UK merchants instead of a 5 pence piece since they were equivalent in value at the time). >>
Well it depends on how one one's to spin it. The Sterling hasn't been 2.00 against the dollar since 2008. As you know in 2008 as an american it was a diaster to travel there as an American. It was prohitibitively expensive. I'm in the UK once a quarter.
London is STILL probably the second or third most expensive city in the world for an American to travel with our weak dollar. Moscow is probably number one and Tokyo is in the mix. Regardless of where you travel within the UK it is more expensive then traveling in US even with the sterling at 1.64. You with be paying about 12% more then last year at this time and about 14% more then 2009 in the summer.
The dollar, sterling and euro all stink. However, the dollar is in first place by a large margin. Don't kid yourself.
Have a great time in England. it's one of my favorites. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>Food & gasoline both up today
Thank God there is no inflation. The Treasury Department says so.
Yup and pretty soon Walmart won't raise prices on all that stuff made in China passing on the cost of commodities...
"A dog breaks your heart only one time and that is when they pass on". Unknown
<< <i>Funny, I'm looking forward to an upcoming trip to England. Two years ago it was 2.00 dollars/pound now it's 1.64 (I remember two years ago Americans receiving a US dime from UK merchants instead of a 5 pence piece since they were equivalent in value at the time). >>
I lived in London for a few months back in 1990. Exchange rate was somewhere around $1.60. Same 20 years ago as it is today.
Knowledge is the enemy of fear